The December 2021 futures contract on oats is up over 72 percent since the beginning of the year and may yet surge higher. The volume traded in recent days has risen along with open interest, though volume has not repeated the large day it had back on 23 September. The increase is not unprecedented. In 2001, the nearby oat contract rose a comparable amount and for the same reason, adverse weather during the growing season. The increase over the two years 2009 and 2010 was also 73 percent. In 1995, a nearly 40 percent drop in surplus stocks caused a year open to year close increase in price of nearly 100 percent. The situation could be worse except oats are only about one percent of global cereal production, and most are produced unde...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.